ASEAN - India Free Trade Area

14/12/2016

ASEAN - India dialogue relations have grown rapidly from a sectoral dialogue partnership in 1992 to a full dialogue partnership in December 1995. The relationship was further elevated with the convening of the ASEAN-India Summit in 2002 in Phnom Penh. Since then the ASEAN-India Summit has been held annually. All these took place in a decade, which clearly signifies the importance of the dialogue partnership to ASEAN and India and the progress made in the cooperation.

At the Second ASEAN-India Summit in 2003, the ASEAN-India Framework Agreement on Comprehensive Economic Cooperation was signed by the Leaders of ASEAN and India. The Framework Agreement laid a sound basis for the eventual establishment of an ASEAN-India Regional Trade and Investment Area (RTIA), which includes FTA in goods, services, and investment.

ASEAN and India signed the ASEAN-India Trade in Goods (TIG) Agreement in Bangkok on 13 August 2009, after six years of negotiations. The signing of the ASEAN-India Trade in Goods Agreement paves the way for the creation of one of the world’s largest FTAs – a market of almost 1.8 billion people with a combined GDP of US$ 2.8 trillion. The ASEAN-India FTA will see tariff liberalisation of over 90 percent of products traded between the two dynamic regions, including the so-called “special products,” such as palm oil (crude and refined), coffee, black tea and pepper. Tariffs on over 4,000 product lines will be eliminated by 2016, at the earliest. The ASEAN-India TIG Agreement entered into force on 1 January 2010.

Agreements:

Framework Agreement on Comprehensive Economic Cooperation (English version) (Vietnamese version)

Annex A

Annex B

Annex C

Protocol to Amend

Agreement on Trade in Goods under the Framework Agreement on Comprehensive Economic Cooperation (English version) (Vietnamese version)

Understanding Article 4

Appendices C & D

Attachment to the OCP

Schedule Tariff Commitments

Bruinei Darussalam

Cambodia

India (to Philippines) (to Asean +)

Indonesia

Lao PDR

Malaysia

Myanmar

Philippines

Singapore

Thailand

Vietnam

Search for Vietnam's tariff under AIFTA

Agreement on Trade in Services (English version)

Schedule of Specific Commitments - Bruinei Darussalam

Schedule of Specific Commitments - Cambodia

Schedule of Specific Commitments - India (to Indonesia) (to Philippines) (to 8 AMS)

Schedule of Specific Commitments - Indonesia

Schedule of Specific Commitments - Lao PDR

Schedule of Specific Commitments -Malaysia

Schedule of Specific Commitments -Myanmar

Schedule of Specific Commitments - Philippines

Schedule of Specific Commitments - Singapore

Schedule of Specific Commitments - Thailand

Schedule of Specific Commitments - Vietnam

Agreement on Investment

Agreement on Dispute Settlement Mechanism

Other related documents

Overview ASEAN - India